February 2013

28 Feb

Deal Completed - 8% Increase In Profits Achieved

This is an interesting example of a plumbing, drainage and maintenance services company that we were able to help find an invoice discounting facility.The business wanted to use the funds advanced through the invoice finance facility, released against unpaid sales invoices, in order to enable them to restructure their business.After the client had been using their invoice discounting facility for...

Its not all about cost savings but in this case we were able to combine cost savings with an improvement in the client's relationship with their funder.The client was a printer who was unhappy with their existing bank owned invoice finance company as they felt they received no personal service and the recourse factoring facility was too expensive.We were able to help them switch to an alternative...

By Glenn Blackman

19 Feb

Recourse Factoring For An Alcohol Supplier Based In Yorkshire

Many businesses use recourse factoring in order to generate finance for their business. However, in some cases recourse factoring is also sought in order to provide support with credit control and debt collection activities.This was the case recently with a supplier of alcohol, based in Yorkshire, who were seeking a recourse factoring facility to provide them with credit control support in...

By Glenn Blackman

18 Feb

Recourse Factoring For A Recruitment Company Turning Over £650,000 Per Annum

Often we are able to assist businesses whose existing overdraft facilities are not sufficient to support the level of working capital that they require to run their business.This was the case recently with a recruitment company turning over £650,000 per annum.We were able to find them an invoice finance company that could provide a recourse factoring facility. The level of funding from the...

By Glenn Blackman

15 Feb

Deal Completed - Confidential Invoice Discounting For A Haulier With An Insufficient Overdraft

We were recently able to help a transport company based in Southern Ireland (Eire) to obtain a confidential invoice discounting facility when their overdraft facility was insufficient. This haulage business had previously used a form of invoice finance but they were unhappy with the facility and the service that they had received so they had left the market completely. In order to fund their...

By Glenn Blackman

10 Feb

Construction Finance Against Invoices Not Applications For Payment

There has been much focus on construction finance against uncertified applications for payment but in 25% of cases construction businesses just raise straight credit sales invoices rather than applications for payment (according to our recent construction finance sector survey of 100 construction businesses).We didn't find that any of these 25% of construction sector businesses used invoice...

By Glenn Blackman

07 Feb

Construction Sector Businesses Still Haven't Heard Of Finance Against Uncertified Applications For Payment

Following our recent #constructionfinance survey of 100 construction sector businesses I have started to analyse the results a little more deeply.Of the total, 75% raise applications for payment (rather than invoices) and so I focused on just this group. Of those that raise applications for payment:...

By Glenn Blackman

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